News

Con Edison Has Its First New Customer Outside Its Service Area
In 60 Years

Con Edison has entered into contracts to sell electricity
to consumers outside its regulated service area for the first time
since 1936.

The company signed one-year deals with 17 commercial
and residential customers in Rockland County to supply 920
kilowatts of electricity. The customers include two Toys `R'
Us stores, two CVS drug stores and the Stony Point Fire
Department.

"This historic milestone for Con Edison demonstrates
that we can retain our position as the nation's most
reliable utility and be competitive as well," said John A.
Arceri, Con Edison's vice president for Energy Services.

A pilot retail access program by Orange and Rockland
(O&R) Utilities makes it possible for Con Edison to sell
power to these customers. The award to Con Edison
represents about 10 percent of the total power offered to
small commercial customers by the O&R pilot program. More
than one dozen power marketers and utilities were eligible
to bid for the contracts won by Con Edison.

Power for the customers' businesses and homes will be
bought in bulk by Con Edison's Megawatt-Hour Store and
delivered to O&R's electric distribution system. O&R will
then deliver it to the 17 customers.

The Megawatt-Hour Store purchases bulk power for the
company's customers from other utilities and power marketers
in the Northeast. Bulk power purchases help reduce power
costs and the savings are reflected in the fuel adjustment
section of customers' monthly bills.

The new customers are expected to save about three to
five percent on their total monthly electric bills.